Homesfund

Analysis

Homesfund is a registered charity in United States, based in Durango, CO. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Homesfund reported income of $2.0m and spending of $833k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.0m (-17%), an average of -4.4% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 41% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homesfund sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CO. Charities of a similar size with the same main cause include Independence Square Housing Corp Inc ($2.0m), Tedford Housing ($2.0m) and Interfaith Housing Alliance Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $223k (27% of expenses). Other salaries and wages came to $254k. At year end it held assets of $17.1m against liabilities of $3.8m, net assets of $13.3m. It reported 6 employees.